A couple of weeks ago I read on a website about how Oregon’s Death Tax has obviously not affected my family because I was a 5th generation farmer. (Since then they have taken then claim down.)
However this group, Tax Fairness for Oregon, knows nothing about my family.
Here’s the thing, my great-grandma, the 2nd generation of our farm, is still alive at 97. The land we currently farm, that her father farmed before her, is her retirement. What happens when she passes away? The land is clearly worth more than state and federal exemption. Who pays that tax? My grandparents, who happen to be retired as well, then it eventually will be my parents and then one day me. I wonder what will be left?
Farmers and especially retired farmers don’t have piles of cash lying around. They have it invested in the land, along with their blood, sweat and tears. Yet they are still expected to pay hundreds of thousand of dollars whenever a farm is expected to be carried on. As a result family farms become smaller and smaller as the ones hoping to continue are forced to sell land to pay for the previous generations’ passing.
We as Oregonians claim we want family farms and small business in this state. If you truly do and don’t want to see parts of century farms sold off then I hope you have signed the petition to End Oregon’s Death Tax. It is vital small business and families just like mine as well as Oregon’s economy.
End Oregon Death Tax Quick Facts:
- Create nearly 44,000 jobs
- 1 in 8 jobs in Oregon are tied to Agriculture
- Generate $94.1 million in tax revenue
- Jobs & tax revenue will offset “loss” to Oregon’s general fund
- Ending Oregon’s Death Tax (5440fight.com)